ms. harbert. >> chairman menendez and ranking member corker by 2040 energy global demand will grow by 50% but 90% will be in the developing world and we will be well underway to adding 2 million people to this planet. china india africa and the middle east will be growing in their energy demands and suppliers will be looking to sell to them and not to us. our own government has concluded by 204080% of the world standards demand will be met i fossil fuels. that means we have to do more in energy demand. the unrest in ukraine has shown that energy vulnerability equals geopolitical vulnerability. despite an increase in supply coupled with modulating demand we will still import 40% of our oil by 2020 so we can choose the status quo by relying on oil from venezuela which has people today but our testing in their streets or from places far away that don't share our values or our principles. in 2002 north america has 5% of the world's reserves, 18% the following year when oil sands in canada were or adde

ms. harbert, isn't it true to manufacture goods you need power? >> germany has electricity power prices four times as high and they are coming to the united states to invest now. so investment from europe is coming here. and their emissions are going up, not down. >> so if electricity rates were to skyrocket that would hamper the manufactures. and would what it do to jobs? >> hurt our competitiveness and it is regressive. it would hurt the people with are the least amount of disposable income paying the post. >> and dr. hansen, are you familiar with the estimates from the laboratory? you are mentions all of the jobs with green energy. it showed the government spent $9 billion on energy jobs and created 900 jobs. this is the midpoint in terms of the cost between the studies >> i disagree with such policies. i say put a simple, honest fee on carbon. don't say you have to buy renewable. i have never agreed with so don't blame those policies on me >> i am just talking about the policies being pushed by the administration are not creating the jobs and